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23 May 2024 | 16 replies
I know you've already solved the issue but going forward you simply list the other adult as an "authorized guest" of one of the individuals financially responsible for the lease.
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24 May 2024 | 9 replies
.- Spend more than 100 hours on the activity, with no other individual surpassing your time commitment.The third is the easiest to hit..
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23 May 2024 | 3 replies
The apartment would most likely be classified as a condominium in the US; individual owners and renters of single family homes/units in a multi-story, multi-unit building, with security, facilities, and common areas.To the point: My landlord has informed me he is raising the rent by 8.5% upon contract renewal in October, but read on.Dubai has government regulations concerning rental increases.
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23 May 2024 | 5 replies
Leverage tends to adds risk, I always recommend having the worst case backed up by, long term job prospects, other liquid assets to cover losses, an/or the ability to take measured risk more than once to even out uncertainty.The richest individuals use leverage to their advantage all the time, but it should be used with care.Zach
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23 May 2024 | 12 replies
Maybe I should clarify I’m targeting these individuals as owners of multiple homes.
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22 May 2024 | 20 replies
That's the approach a successful DIY landlord must incorporate.
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23 May 2024 | 35 replies
Subconscious worship (admiration) for the individual and its message.
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22 May 2024 | 5 replies
This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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21 May 2024 | 3 replies
That covers the existing structure and the renovations as they are incorporated.
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21 May 2024 | 6 replies
Dumb question, but is coliving (renting out rooms individually) and MTR the same thing?